Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.022%

Price spread now: Orderly against Deribit0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	227.62	0.0190	pay 0.0024% / 1h	56m 30s	$49K	$1.4M	10x
Short	Orderly PERP_NVDA_USDC	227.62	0.0100	get 0.0100% / 8h	7h 56m	$36K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: −$18.8
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$31.8
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 2 min ago	3.96 bp	7.9 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	0.0000%	8h	227.55	−0.029%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.57	−0.022%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	−0.031%	$14.4M	$20.8M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	−0.048%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	−0.073%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.50	−0.053%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.154%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.062%	$197K	$523K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.70	+0.035%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.44	−0.080%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0023%	8h	227.58	−0.018%	$15.5M	$17.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.145%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.59	−0.013%	$156.4M	$219.1M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.44	−0.079%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.50	−0.053%	$1.6M	$11.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.018%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.44	−0.079%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.32	−0.132%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	227.48	−0.060%	$483K	$229K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.62	0.000%	$2.2M	$3.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.41	−0.092%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.01	−0.268%	$1.3M	$825K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.54	−0.036%	—	—	10x	as long as short
Polymarket Perps NVDA-USD	+0.0091%	1h	227.48	−0.062%	$401K	$289K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.43	−0.083%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.105%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	227.62	0.000%	$36K	$22K	20x
Phoenix NVDA	+0.0106%	1h	227.38	−0.105%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0116%	8h	227.59	−0.013%	$1.6M	$743K	20x	as long as short
BloFin NVDA-USDT	+0.0138%	8h	227.70	+0.035%	$715K	$205K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0143%	1h	227.41	−0.092%	$147.9M	$49.0M	20x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.73	+0.048%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0190%	1h	227.62	long leg	$49K	$1.4M	10x
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.119%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0402%	4h	227.44	−0.081%	$171K	$1.9M	20x	as long as short